The remuneration of CEOs of major Indian IT companies like HCLTech, Infosys, and Wipro has experienced a substantial decline in FY23 as compared to payouts of FY22 due to global macroeocnomic headwinds and firms reduction in tech spending. C Vijayakumar, CP Gurnani, Salil Parekh, Thierry Delaporte are among the IT CEOs who saw a big cut in their paycheque last financial year. Here s a VS showing these CEOs decline in salaries.
An analysis of the average salary packages of IT company CEOs and freshers, sourced from earnings report data and publicly available information, shows that freshers' salaries have gone up only 46.94 per cent in the past 10 years while the salary of CEOs has shot up a whopping 1,492.27 per cent.